Monday, June 2, 2025
News PouroverAI
Visit PourOver.AI
No Result
View All Result
  • Home
  • AI Tech
  • Business
  • Blockchain
  • Data Science & ML
  • Cloud & Programming
  • Automation
  • Front-Tech
  • Marketing
  • Home
  • AI Tech
  • Business
  • Blockchain
  • Data Science & ML
  • Cloud & Programming
  • Automation
  • Front-Tech
  • Marketing
News PouroverAI
No Result
View All Result

Indegene IPO to open on May 6: All the key details investors need to know

April 29, 2024
in Business
Reading Time: 2 mins read
0 0
A A
0
Share on FacebookShare on Twitter


Indegene Limited, a leading healthcare solutions provider, has announced its plans to launch its initial public offering (IPO) on Monday, May 6, 2024. The bidding period will run for three days, concluding on Wednesday, May 8, 2024.

The offer, priced between ₹430 and ₹452 per equity share, includes a fresh issue of equity shares valued at ₹760 Crore, as well as an offer for sale of up to 23,932,732 equity shares. Eligible investors can bid for a minimum of 33 equity shares and increase their bids in multiples of 33 equity shares. Additionally, a special reservation of ₹12.5 crore has been set aside for eligible employees, with a discount of ₹30 per equity share.

The proceeds from the fresh issue of equity shares will be used to repay and prepay the debts of one of its principal subsidiaries, ILSL Holdings Inc, and to meet the capital expenditure needs of another key subsidiary, Indegene Inc. Furthermore, the funds will be utilized for general corporate purposes and potential inorganic growth opportunities.

The IPO will be conducted through the Book Building Process, in compliance with SEBI ICDR Regulations and the Securities Contracts (Regulation) Rules, 1957. The company plans to allocate up to 60% of the Net Offer to Qualified Institutional Buyers (QIBs) and Anchor Investors in consultation with the BRLMs.

Following the IPO, the equity shares are expected to be listed on BSE and NSE, having already received in-principle approvals from Indegene Limited. The IPO is managed by reputed entities such as Kotak Mahindra Capital Company Limited, Citigroup Global Markets India Private Limited, J.P. Morgan India Private Limited, and Nomura Financial Advisory and Securities.

This IPO is a significant milestone for Indegene Limited, positioning the company for strong growth and expansion while offering a compelling investment opportunity for shareholders.



Source link

Tags: Anchor InvestorsBiddingbseCapital ExpenditureCitigroup Global MarketsCorporate NewsDetailsEquity ShareFinancial NewsHealthcare solutions providerIndegeneIndegene IPOIndegene LimitedInitial Public OfferingInorganic GrowthInvestment OpportunityInvestorsIPOJ.P. Morgan IndiaKeyKotak Mahindra Capital CompanyListed CompaniesMay 2024Nomura Financial AdvisorynseopenPublic OfferingQualified Institutional BuyersSEBI ICDR RegulationsShares for Salestock market
Previous Post

How Digital Transformation Transforms Commercial Lending

Next Post

SEC, Gensler Believed Ether Was a Security, Lawsuit Reveals

Related Posts

Can You Guess What Percentage Of Their Wealth The Rich Keep In Cash?
Business

Can You Guess What Percentage Of Their Wealth The Rich Keep In Cash?

June 10, 2024
UGRO Capital: Targeting to hit milestone of Rs 20,000 cr loan book in 8-10 quarters: Shachindra Nath
Business

UGRO Capital: Targeting to hit milestone of Rs 20,000 cr loan book in 8-10 quarters: Shachindra Nath

June 10, 2024
Blinken set to arrive in Egypt for Gaza ceasefire push By Reuters
Business

Blinken set to arrive in Egypt for Gaza ceasefire push By Reuters

June 10, 2024
Volvo is moving EV production from China to Belgium as the EU eyes tariffs on Beijing
Business

Volvo is moving EV production from China to Belgium as the EU eyes tariffs on Beijing

June 9, 2024
France’s Macron calls for snap election after losing big to the far right in EU vote
Business

France’s Macron calls for snap election after losing big to the far right in EU vote

June 9, 2024
Upgrades for Best Buy and Lululemon By Investing.com
Business

Upgrades for Best Buy and Lululemon By Investing.com

June 9, 2024
Next Post
SEC, Gensler Believed Ether Was a Security, Lawsuit Reveals

SEC, Gensler Believed Ether Was a Security, Lawsuit Reveals

How to Choose the Right Digital Marketing Agency for Your Business

How to Choose the Right Digital Marketing Agency for Your Business

Chris’ Corner: Design the Job

Chris’ Corner: Design the Job

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
Is C.AI Down? Here Is What To Do Now

Is C.AI Down? Here Is What To Do Now

January 10, 2024
Accenture creates a regulatory document authoring solution using AWS generative AI services

Accenture creates a regulatory document authoring solution using AWS generative AI services

February 6, 2024
Managing PDFs in Node.js with pdf-lib

Managing PDFs in Node.js with pdf-lib

November 16, 2023
23 Plagiarism Facts and Statistics to Analyze Latest Trends

23 Plagiarism Facts and Statistics to Analyze Latest Trends

June 4, 2024
NVIDIA’s Marketing Strategy Case Study

NVIDIA’s Marketing Strategy Case Study

October 25, 2023
The Ultimate Guide to Google Ads [Examples]

The Ultimate Guide to Google Ads [Examples]

March 14, 2024
Can You Guess What Percentage Of Their Wealth The Rich Keep In Cash?

Can You Guess What Percentage Of Their Wealth The Rich Keep In Cash?

June 10, 2024
AI Compared: Which Assistant Is the Best?

AI Compared: Which Assistant Is the Best?

June 10, 2024
How insurance companies can use synthetic data to fight bias

How insurance companies can use synthetic data to fight bias

June 10, 2024
5 SLA metrics you should be monitoring

5 SLA metrics you should be monitoring

June 10, 2024
From Low-Level to High-Level Tasks: Scaling Fine-Tuning with the ANDROIDCONTROL Dataset

From Low-Level to High-Level Tasks: Scaling Fine-Tuning with the ANDROIDCONTROL Dataset

June 10, 2024
UGRO Capital: Targeting to hit milestone of Rs 20,000 cr loan book in 8-10 quarters: Shachindra Nath

UGRO Capital: Targeting to hit milestone of Rs 20,000 cr loan book in 8-10 quarters: Shachindra Nath

June 10, 2024
Facebook Twitter LinkedIn Pinterest RSS
News PouroverAI

The latest news and updates about the AI Technology and Latest Tech Updates around the world... PouroverAI keeps you in the loop.

CATEGORIES

  • AI Technology
  • Automation
  • Blockchain
  • Business
  • Cloud & Programming
  • Data Science & ML
  • Digital Marketing
  • Front-Tech
  • Uncategorized

SITEMAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2023 PouroverAI News.
PouroverAI News

No Result
View All Result
  • Home
  • AI Tech
  • Business
  • Blockchain
  • Data Science & ML
  • Cloud & Programming
  • Automation
  • Front-Tech
  • Marketing

Copyright © 2023 PouroverAI News.
PouroverAI News

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In